--Buyout firm Blackstone Inc. is in discussions to buy commercial and residential solutions assets from Emerson Electric Co., Bloomberg reports, citing unnamed sources.

--The deal could be valued at $5 billion to $10 billion, depending on which assets are sold, according to Bloomberg.

--The commercial and residential solutions segment is one of Emerson's two core businesses and covers a range of products, from refrigeration and cold chain to heating and air conditioning.

Full story: bloom.bg/3V1t4Yy

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(END) Dow Jones Newswires

October 04, 2022 23:11 ET (03:11 GMT)

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